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No. of Recommendations: 3
Here is just another indication of the long term strength of this stock:
Here is the PR release:

MILWAUKEE, Nov 15, 2000 /PRNewswire via COMTEX/ --

The board of directors of Johnson Controls (NYSE: JCI) today approved an increase in the company's quarterly cash dividend to $.31 per common share from $.28 per common share.
With the increase, the indicated annual dividend is $1.24 per share, up from $1.12 per share. A quarterly dividend of $.31 is payable January 2, 2001 to shareholders of record December 8, 2000.

"This marks the 26th consecutive year that Johnson Controls has raised its dividend. It is a reflection of our record results in fiscal 2000, our strong financial position and our anticipation of double-digit growth in sales and earnings for fiscal 2001," said James H. Keyes, chairman and chief executive officer.

Johnson Controls has paid consecutive dividends since 1889.

Fool on!
gldstr
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